LONDON — The government of British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in ...
TOKYO — Japanese Prime Minister Fumio Kishida on Monday vowed to take steps to cushion the blow from rising electricity bills and maximize the benefits to the economy from a weak yen such as by resuscitating inbound tourism. Dealing with ...
Liz Truss and Kwasi Kwarteng have dropped plans to scrap the 45p rate of income tax following a revolt by Tory MPs. Kwarteng, the chancellor, said on Twitter: “It is clear that the abolition of the 45p tax rate has ...
The amount of tax Google paid to the Treasury rose from £50 million to £200 million in the past 18 months, according to accounts to the end of December. Its turnover rose from £1.8 billion to £3.4 billion, with a ...
Sir Richard Branson has invested almost all the royalties he received from the Virgin brand back into the companies that use it for a second year running. Accounts for the year to December 31 show Virgin Enterprises, which is responsible ...
Companies could be stuck with unsold goods by Christmas as shoppers are buying less and retailers have overstocked, according to a report on shipping by supply chain software company Project44. It predicted that retailers’ high stock levels after poor revenue ...
KYIV — Thousands of Russians mobilized for military service in Ukraine have been sent home and the military commissar in Russia’s Khabarovsk region removed in the latest setback to President Vladimir Putin’s chaotic conscription of 300,000 servicemen. On the battlefield, ...
SEHWAN, Pakistan — The emergency ward at the main government hospital in Sehwan, a small town in southern Pakistan, is overwhelmed. On a recent visit, Reuters witnessed hundreds of people crammed into rooms and corridors, desperately seeking treatment for malaria ...
SAO PAULO/BRASILIA — The second round of Brazil’s presidential campaign kicked off Monday after right-wing President Jair Bolsonaro outperformed polling and robbed leftist former President Luiz Inacio Lula da Silva of an outright victory in the first round of voting. ...
MIAMI — The death toll from Hurricane Ian climbed past 80 on Sunday as embattled residents in Florida and the Carolinas faced a recovery expected to cost tens of billions of dollars, and some officials faced criticism over their response ...